Press Release
Ard Financial Group LLC (Ard Holdings) officially filed a request to acquire 84.6 percent or 45,028 shares
of Jinst Uvs JSC, publicly traded under JIV, at the price of MNT 975.28 per share to the Mongolian Stock
Exchange (MSE) on 12th of March, 2015, with the corresponding block trade carried out on 16th of
March, 2015.. This move brings Ard Holdings within a striking distance to public listing.
Ard Holdings is invested in leading financial sector companies, and successfully manages its portfolio.
The objective of listing on the MSE is to increase the liquidity of its stock, while providing investors with
a unique opportunity to invest in the nascent financial services industry of the Nation and benefit from a
diversified investment portfolio with high yielding potential. Currently, 333 individuals and businesses
own shares in Ard Holdings.
The CEO of Ard Holdings, Mr. Ganhuyag Ch. Hutagt, noted that today’s event paves the way for ordinary
Mongolians to invest in leading banking and financial sector companies, and will, potentially, have a
dramatic positive impact on the development of stock markets in Mongolia.
Ard Financial Group (Ard Holdings) is a financial holding company with the objective of maximizing the
value and return on investment for its shareholders, while offering a unique opportunity to take part in
the Mongolian financial services industry and stock markets. The investment portfolio of Ard Holdings
includes the country’s leading companies such as Ard Insurance, Ard Credit, Ard Securities, Ard Assets,
Ard Capital Management, Equity Investment Trust (EIT), TenGer Financial Group and XacBank. Ard
Holdings is also invested in Institute of Engineering and Technology (IET), TenGer Systems, Nomyn Hishig,
and Wild Digital Agency via its investment fund. Ard Holdings actively participates in the management of
its portfolio companies and creates synergies across the Group.
20 March, 2015
Ulaanbaatar